Thread: The GOAL is to survive

Once we begin fresh we all have our high expectations . But while the time passes by we realize that the enormity of this task at the hand.
Well I am no different , at the beginning of my career I focused on profit part of this sport. Which led to dismissing lot of little accounts in novice phase of my trading.
But as I gained more experience , I realized that before I begin making money I have to establish itself that I dont lose money.

Therefore I opted to proceed with the project of achieving my goals in 2 stage ... 1 Proving impeccable defense
2 Fragrant greatest attack

Phase 1
Project started last year January 2015
First trading account was from Jan 2015 to May 2015 ....which had 290 trades and had been almost split .
Http://www.myfxbook.com/members//trial-1/1605717

Secondly trading account is connected currently and it's around 900 trades and is also break even.
That means I overcame trading cost for 1100 traders . . .making this match from sum to Zero sum.
Next goal for stage 1 is to reach 1500 commerce without blowing account.

Phase Two
Patroxx funding
Its myfxbook connection for stage 2 , with account name Patroxx Capital. It'll have 100 just like stage 1 .
Https://www.myfxbook.com/members//step-2/1598210

Broker - Berndale funding
Initial Deposit - 1996.87 USD

I'll be posting my equities at the close of each month , as I believe balance is readily manipulated and its own being dishonest . Regrettably myfxbook only uses balance in different sort of calculation.Examples like Grid or Martingale systems are beneficial for balance based calculation.

Equity
April - 2042.19 USD
May - 2102.46 USD
June - 2157.59 USD
July - 1936.03 USD
August - 2228.43 USD

Cool you've got guts to try out
friend you've enrolled with any rebate or cashabck sites ?
Http://www.myfxbook.com/reviews/rebate-progr/17,1

even when you handled your account without reduction means, we get quite a wonderful sum of money from rebate sites , like you're doing 1000 trades this will be more helpful for you, if reduction means, it reduce the reduction percentage, if no reduction means, we receive some money from it as rebate, if profit implies, it increase the profit percent.

Originally Posted by ;

trendy you've got guts to try buddy you've registered with any rebate or cashabck websites ? Http://www.myfxbook.com/reviews/rebate-progr/17,1 Even if you managed your account with no loss implies, we get a wonderful amount of money from rebate websites , like you are doing 1000 transactions this will be more helpful for you, in case loss means, it decrease the loss percentage, if No loss means, we get any cash from it rebate, if profit implies, it raise the profit percent.

Thank you for the encouraging words. Sure I will check it out.

I can post my perspectives on comprehending portfolio 10, now.

Its roughly 1 Sharpe ratios


Currently Nigeriaforextrading and other sites like Myfxbook shows only Sharpe ratios.
And Sharpe ratio is most widely utilized in industry as performance dimension . But IMHO you can find plausible fallacies at Sharpe ratio calculation and can be manipulated to acquire higher ratio for Slimming systems ....such because martingales and other no stop loss systems.
For better comprehension . .its wonderfully illued in below link .

Http://www.myfxbook.com/community/ge...xbook/266265,1

Two MAR ratio

For MAR ratio you can look at below link. Which I believe must be given more weight and makes sense.

Http://www.investopedia.com/terms/m/mar-ratio.asp

I would appreciate if traders using background on data can provide their view about most significant metrics in measuring portfolio performance.

It was a positive week..still 1 position open.
Its on the course to satisfy my objective.

Originally Posted by ;

All of us have our expectations , when we begin new . But as the time passes by we realize the enormity of this task at the hand. I am no different , at the starting of my career I focused on profit component of this sport. Which resulted in blowing lot of little accounts in novice period of my own trading. But as I gained more experience , I understood that before I begin making money I must prove my self that I dont lose cash. Hence I opted to go with the project of attaining my goals in 2 phase ... 1 Fragrant impeccable defense 2 Proving best...

if you would like to survive in the long run there are just a few things that you need to take care of.
Attached is the image showing your greatest draw down which is more than 89%. A few pips from you or slippage where spread improved by a more pips and your account could have been margin called.
If you're able to work in your draw down , chances of succeeding is more.
All the very best to you buddy.

Originally Posted by ;

quote If you want to survive in the long term there are few things that you want to look after. Attached is the picture showing your draw down that is over 89%. A more pips from you or slippage where spread increased by a few pips and your account would have been margin called. Chances of success is more, if it's possible to work on your draw down. All buddy. picture

While I most certainly agree with you that drawdown of the size is really bad.
I'd like to fix few points on your monitoring.

1 Lowest balance I had existed 57.00 dollar throughout that biggest drawdown period. Which would have taken me a second 28 drop in a row. . .as I use 20 pip first stop loss for my own trading. Thus, your observation about few pips slippage or gap would possess margin called my account is wrong.
2 Lets say for argument sake . . .that if I had that drawdown stage at the beginning of the trading... I began using 108.00 USD and my max drawdown was 93.00 USD. Which might have given me the following 8 lose in a row before margin call.

After all said and done. .
My objective of launching this account was to allow my self prove that I did not have negative tilt. That I was not losing anything additional than broker charges each commerce. Quite simply pips for pips expectancy should not be worse compared to broker charges. Which I put 1 pip each commerce.
Which I have proved here ... and I am 90% confident that I'll reach 1500 trades without blowing account.
Besides. . .Account I have there is no scope for anykind of money management . . .as I have fixed 20 pips stop loss and I have been trading lowest minimum allowed by brokers.Which is 10 cents per pips. There is not any other way.
If I'm trading bigger account , I could move my trading size ( ie apply money management ) and comprise drawdowns.

With reference to the under thread . . .As I dont want to drag it.
Https://www.nigeriaforextrading.com/...modifiion.html

I'm attaching EA under for anybody that are interested in finding out validity of backtesting results. As a belief that EA backtesting has no significance. I present them scientific evidence.

Setting are as mentioned below.

Auto Bias - True
Londo start - 8.00
Newyork start - 13.00
Asian start - 01.00
(this component could be different depending which broker data you are using. . .so check my explorer and fit your own time so)
Stop Loss - 200 (for 5 digit broker ....20 pips) or 20 for 4 digit broker.
Volumen - 0.01 or doesnt matter . . .as we're counting expectancy in pips
Be on - False
Formation depart - False
Sonic depart - True
Close to new bar - True

Leave other options as it is ...

I assume that you know Where to place EA and where to place Indiors.
In MT4 tester . . I utilized Dukascopy tick info ( which is among the best available resource free of tick data. ) And disperse used was 0.2.

Good luck.

Risk Disclaimer - This EA is for eduional purpose only . Caution for every kind of usage and I will not be held responsible.
https://www.nigeriaforextrading.com/...3334569556.ex4
https://www.nigeriaforextrading.com/...5197917681.mq4
https://www.nigeriaforextrading.com/...4813252537.ex4
https://www.nigeriaforextrading.com/...9438951350.mq4
https://www.nigeriaforextrading.com/...1118932701.mq4

I've uploaded live trading explorer link for phase 2.
Defensive thoughts has been taken from Phase 1 study and for really making pips ...I've been working on it since last 15 months.


Good luck.

Imp. Milestone 1000 transactions has been breached.Over 1 year period.
Total reduction - 1.8 percent .
Purpose is to reach 1500 without blowing off account.